Supplement to the
Fidelity^® Series Large Cap Value Fund and Fidelity Series All-Sector Equity Fund
October 5, 2008
Prospectus

The following information replaces similar information found on the front cover.

Fidelity^®

Series Large Cap Value

Fund

(fund number 2116, trading symbol FLVSX)

Fidelity

Series All-Sector Equity

Fund

(fund number 2115, trading symbol FSAEX)

<R>The following information replaces the biographical information for Bruce Dirks found in the "Fund Management" section on page 15. All references to Mr. Dirks are no longer applicable.</R>

<R>Michael Chren is co-manager of Series Large Cap Value Fund, which he has managed since February 2009. Prior to joining Fidelity in 2009, Mr. Chren was a senior managing director and senior portfolio manager for Allegiant Asset Management Group beginning in 2004 and a partner and senior portfolio manager for Invesco Capital Management, Inc. from 2000 to 2003.</R>

<R>DLF-09-01 March 4, 2009
1.882075.101</R>